TORONTO, ONTARIO–(Marketwired – Feb. 9, 2016) – Crystal Peak Minerals Inc. (“Crystal Peak”) (TSX VENTURE:CPM)(OTCQX:CPMMF) is pleased to announce that Dean Pekeski has joined the Crystal Peak team, assuming the role of Vice President of Project Development with responsibility for managing ongoing development of Crystal Peak’s premium specialty fertilizer project on the Sevier Playa in southwestern Utah, U.S.A. (“Sevier Playa Project”).
“Dean brings a wealth of potassium project development experience to our team,” said Lance D’Ambrosio, Crystal Peak’s Chief Executive Officer. “His background in project management, organizational administration, and mine development will be of great value to our shareholders and our team as we move towards the construction and operation phase of the Sevier Playa Project.”
Mr. Pekeski graduated from the University of Western Ontario with a degree in Earth Sciences and is a Professional Geologist with over 20 years’ experience in mineral exploration and project development. Working at Rio Tinto Exploration, Mr. Pekeski was an exploration geologist and project manager from 1996 to 2008. His accomplishments included exploring for base metal and diamond deposits across Canada, Southern Africa, and India, leading the Rio Tinto exploration team that discovered and evaluated the diamondiferous Bunder kimberlites. Mr. Pekeski then joined Western Potash Corp. where, as the Executive Vice President, he successfully managed the Milestone Potash Project in Saskatchewan from discovery, through pre-feasibility and feasibility, environmental permitting approval, and project financing. Mr. Pekeski is a Qualified Person in the field of potash geology as defined by NI 43-101 Standards, and is also an active member of the Solution Mining Research Institute.
Rick Dye, Crystal Peak’s Vice President Project Development for the past six years, will remain in charge of current fieldwork on the Sevier Playa Project and will direct the completion of all ongoing work as he and Mr. Pekeski cooperatively develop plans for efforts going forward.
About Crystal Peak Minerals Inc.
Crystal Peak is focused on the production of premium specialty fertilizers. Crystal Peak controls, directly or through agreement, mineral leases on more than 124,000 acres on its Sevier Playa property in Millard County, Utah. With a brine resource known to contain potassium, magnesium, sulphate, lithium, and a suite of other beneficial minerals, Crystal Peak is targeting the production of specialty fertilizers, initially focused on potassium sulphate (“SOP”), through the use of a cost-effective solar evaporation process. SOP and other specialty fertilizers are used in the production of high value, chloride-sensitive crops such as fruits, vegetables, and tree nuts. Crystal Peak is currently engaged in engineering and analysis designed to support a feasibility study, environmental permitting, and ultimately mineral production.
For more information, please visit our web site at www.crystalpeakminerals.com.
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Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the completion and timing of a Feasibility Study and the results thereof, the targeting of the development and production of specialty fertilizers, including SOP, through the use of a cost-effective solar evaporation process, and Crystal Peak’s future business. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “does not anticipate”, or “believes” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, or “will be taken”, “occur”, or “be achieved”. Forward-looking information is based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Crystal Peak to be materially different from those expressed or implied by such forward-looking information. Although Crystal Peak has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Crystal Peak does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
